Monetary Policy in the Spotlight

Although the big picture looks promising, markets will remain jittery until a Fed nominee is named and tapering begins, says political pundit Greg Valliere.

Our sense is that there are three distinct factions in our ongoing narrative—and, despite huge differences between the three, some clear bottom-line takeaways.

The Washington Establishment Like moths to the flame, this town is attracted to front-runners and crises, so the buzz this summer has focused on Hillary Clinton and Chris Christie, already anointed as the establishment's 2016 favorites. We'll see; they both have flaws. And who doesn't love a crisis? Except—there won't be a government shut-down on October 1;...